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Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Dividends per Share : $0.00 (TTM As of Jan. 2023)


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What is Virtus Convertible &ome 2024 Target Term Fund Dividends per Share?

Virtus Convertible &ome 2024 Target Term Fund's dividends per share for the six months ended in Jan. 2023 was $0.28. Its dividends per share for the trailing twelve months (TTM) ended in Jan. 2023 was $0.00. Its Dividend Payout Ratio for the six months ended in Jan. 2023 was 0.67. As of today, Virtus Convertible &ome 2024 Target Term Fund's Dividend Yield % is 5.76%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus Convertible & Income 2024 Target Term Fund is 5.02, which seems too high.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

For more information regarding to dividend, please check our Dividend Page.


Virtus Convertible &ome 2024 Target Term Fund Dividends per Share Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term Fund's Dividends per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virtus Convertible &ome 2024 Target Term Fund Dividends per Share Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data
Trend Feb19 Feb20 Feb21 Jan23 Jan24
Dividends per Share
0.55 0.55 0.55 0.55 0.55

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
Aug17 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Jul22 Jan23 Jan24
Dividends per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.28 0.28 0.28 0.28 -

Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Dividends per Share

For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virtus Convertible &ome 2024 Target Term Fund's Dividend Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Dividend Yield % falls into.



Virtus Convertible &ome 2024 Target Term Fund Dividends per Share Calculation

Dividends paid to per common share.


Virtus Convertible &ome 2024 Target Term Fund  (NYSE:CBH) Dividends per Share Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio for the quarter that ended in Jan. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jan. 2023 )/ EPS without NRI (Q: Jan. 2023 )
=0.276/ 0.41
=0.67

During the past 5 years, the highest Dividend Payout Ratio of Virtus Convertible &ome 2024 Target Term Fund was 5.02. The lowest was 0.39. And the median was 1.17.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus Convertible & Income 2024 Target Term Fund is 5.02, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Virtus Convertible &ome 2024 Target Term Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0272024-04-102024-04-112024-04-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.0272024-03-082024-03-112024-03-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462024-02-092024-02-122024-02-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462024-01-112024-01-122024-01-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-12-082023-12-112024-01-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-11-102023-11-132023-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-10-112023-10-122023-11-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-09-082023-09-112023-10-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-08-102023-08-112023-09-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-07-122023-07-132023-08-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-06-092023-06-122023-07-03Cash DividendmonthlyUSD:USD 1.000000
USD 0.0462023-05-102023-05-112023-06-01Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.


Virtus Convertible &ome 2024 Target Term Fund's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.514/8.93
=5.76 %

Current Share Price is $8.93.
Virtus Convertible &ome 2024 Target Term Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.514.

During the past 5 years, the highest Dividend Yield of Virtus Convertible &ome 2024 Target Term Fund was 7.69%. The lowest was 5.06%. And the median was 6.07%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Virtus Convertible &ome 2024 Target Term Fund Dividends per Share Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.
Executives
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Alan Rappaport director C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii officer: EVP, CFO and Treasurer C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass other: Portfolio Manager 1345 AVE OF THE AMERICAS, NEW YORK NY 10105